China Natural Resources Inc. released its financial results for the fiscal year ending December 31, 2024. The company reported a revenue of CNY 12.748 million for the period from January 1, 2023, to July 28, 2023, compared to CNY 20.306 million for the full year 2022. The cost of sales decreased to CNY 5.872 million from CNY 14.485 million in 2022, leading to a gross profit of CNY 6.876 million, up from CNY 5.821 million in the previous year. Administrative expenses fell significantly to CNY 7.199 million in 2024 from CNY 12.883 million in 2023. The company also reported a fair value gain on financial instruments of CNY 3.996 million, a notable increase from CNY 847 thousand in the previous year. Finance costs were reduced to CNY 28 thousand from CNY 48 thousand in 2023, while finance income increased to CNY 69 thousand from CNY 5 thousand. The results indicate a positive trend in reducing expenses and increasing income from financial activities. The company has not disclosed any recent trends or events likely to have a material impact on its future operations or financial condition.
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